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Brazil's DG solar market may grow 300% in 2016

Solar panels. Author: University of Salford Press Office. License: Creative Commons. Attribution 2.0 Generic

January 12 (SeeNews) - Distributed generation from solar systems in Brazil has the potential to grow 300% this year, according to Portal Solar, a business and solar industry information hub in the country. 

Portal Solar made the statement based on the 9,000 requests for funding for distributed generation systems (DG) it received in just five months, between August and December 2015.

About 65% of the systems sold so far range from 2 kWp to 5 kWp in capacity. Then, with 20% market share, come the 5 kWp to 15 kWp ones and finally, the smaller ones of up to 2 kWp.

According to the Portal Solar, Brazil should have 500 more new players in its solar sector by this year's end.

Another factor for the institution's optimism is the Distributed Generation Development Programme for Energy, or ProGD, launched last December. The programme, among other things, encourages the connection of DG solar systems to the national electricity grid.

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Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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